๐ Polkadot's price is dancing around the $6.5 mark after dipping below the 200-day moving average. It's a bit of a cliffhanger, folks! ๐ฟ
- If the bears break through, we could see a slide towards $5.5.
- But if the bulls charge, they'll aim for the 200-day ($7.1) and 100-day ($8.1) moving averages.
The 4-hour chart shows a recent uptrend hitting resistance at Fibonacci levels 0.5 ($7.4) and 0.618 ($7.8), leading to a decline.
Sentiment analysis suggests a possible bullish reversal if we see a return of demand in the market. The $6.9 mark is a key resistance area with substantial liquidity.
So, what's your take? Bull or bear? ๐๐ป #Polkadot #CryptoMarket
Remember, your comments shape the conversation! Let's chat below. ๐